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Business Coaching; Learning To Change With The Market And Times
By Kris Koonar
Business coaching is necessary for surpassing the current levels of performance and productivity. The challenges faced by todays organizations in terms of reinvention, reengineering, reorganizing and right sizing has forced them to utilize business coaching in order to compete in the current market environment. For the proper growth of any organization, it is necessary to have executives who are up-to-date with the recent trends and have beliefs, values, attitudes, motivation and thoughts that will drive them to excel. Business coaching provides the perfect platform for developing personal skills and behaviors that are necessary for implementing organizational changes and initiating the learning process.
Business coaching is required both at the executive and the managerial level for understanding the organizations current position and to decide its future growth patterns. Apart from effecting educational development and experience, coaching also provides objective feedback and acts as a critical tool for successfully engineering organizational change. For adapting to the rapidly shifting marketplace, organizations need to change their approach. However, this is often difficult to implement as people and organizations are naturally resistant to change. Business coaching has become a very effective tool for initiating productive changes in individuals, teams, and systems by enabling leaders, managers, and employees to uncover potential that might otherwise go untapped.
With the growing realization that profits, productivity, and customer satisfaction are the outcomes of performance rather than the cause, business coaching courses have started focusing more on leadership issues, cultural factors and the learning and development practices that drive performance. The
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Tory Burch signs on for Bellevue?s BravernFashion designer Tory Burch will open her first store in the Pacific Northwest in Bellevue. (MSFT)
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</div>UW President Emmert turns down a pay raiseUniversity of Washington President Mark Emmert turned down a pay raise Thursday at the monthly meeting in Seattle of the school’s board of regents.
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</div>?Blue Stilly? owners plead guilty to selling contraband cigarettesThe three owners of the Blue Stilly smoke shop pleaded guilty Thursday to selling more than $55 million of cigarettes and not collecting more than $25 million in state sales taxes.
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</div>Datacastle raises $5.3MPersonal computer data protection company Datacastle said it’s raised $5.3 million in a Series A round of financing.
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</div>Zumiez Q3 hits expectations at 23 cents per shareZumiez Inc. reported third-quarter net income of $6.8 million, or 23 cents per diluted share. That’s down from $8.1 million, or 28 cents per share, a year earlier, but exactly what analysts predicted. (ZUMZ)
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</div>Clearwire shareholders OK Sprint deal; shares diveShareholders in Clearwire Corp. approved a planned combination with Sprint Nextel Corp.’s WiMax business and a $3.2 billion investment by a team of partners. (S) (CMSCA) (INTC) (TWC) (GOOG)
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</div>Washington Supreme Court sides with wind powerWind power advocates won a convincing battle in the Washington Supreme Court, which ruled Thursday that local county commissioners can’t block the way for wind power turbine farms.
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</div>A new runway day in the U.S.A.Seattle-Tacoma International Airport’s new third runway will open Thursday afternoon on the same day that two other major U.S. airports also will open new runways.
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</div>Bsquare buys mobile device tester for $2.2MBsquare Corp. said it’s buying TestQuest, which makes testing automation tools for mobile devices, for $2.2 million cash. (BSQR)
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</div>Nike in $33.8M deal with University of WashingtonNike Inc. thinks it is worth $33.8 million to see University of Washington athletes wear the company’s iconic swoosh for the next 10 years. (NKE)
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goal of business coaching is not to be an alternative vehicle of managerial control, but rather it concentrates on empowering and delegating to create a culture of responsibility and self-generated, commitment-based actions. Coaching is certainly more than just a technique as it involves viewing the organization in a different perspective and working through relationships, dialogues and feedback for harnessing future potential and growth. It provides organizations with the capability of altering or shifting current work methods, internal and external communications and the framework within which employees normally operate. Business coaching has thus become very critical for modifying or creating an effective work environment that is more adaptable to change and growth. Business coaching allows managers to play the role of professional business coaches for meeting organizational challenges and motivating others in their work environment. It creates the awareness among managers that by acting as coaches they can transform or create an organizational culture that is more receptive to change and open to new possibilities. Managers as coaches learn to increase self-awareness decide when and how to take action, find creative solutions, consider opinions and feedback from fellow employees, set targets, make appropriate requests, decrease hostility, and reduce stress and negative emotions in the workplace. Coaching managers provide many direct benefits to the organization as managers get a clear idea about their commitments as well as those of the organization. They learn how to generate and maintain effective relationships, which in turn increases the levels of trust and accountability in the organization. Their understanding of organizational and interpersonal dynamics is increased considerably, allowing them to empower themselves and others to achieve organizational objectives. They learn how to take calculated risks for producing results aligned with organizational vision. They also learn to develop the right kind of unity and team spirit that will powerful work relationships that help achieve extraordinary results. Article Source: http://www.articleblender.com Are You Ready To Exceed Your Potential? Contact www.businesscoach.com to find out how. You can have an expert Business Coach totally dedicated to your success. info@businesscoach.com. 1.866.354.7766
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Hawaii jobless rate steady at 4.5%
Hawaii’s unemployment rate stayed steady at 4.5 percent in October, unchanged from September.
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NYSE extends ML Mac Orchards trading
NYSE Regulation is extending trading of ML Macadamia Orchards common stock to next week.
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Robert Kritzman, former NCL Hawaii exec, joins Miami law firm
Robert Kritzman, former head of Norwegian Cruise Line’s operation in Hawaii, has joined the Miami office of the law firm Epstein Becker & Green.
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Internet ad sales up to $5.9B in Q3
Internet ad sales reached almost $5.9 billion for the third quarter of 2008 -- an 11 percent jump over the same period last year.
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Dow off 450, more Hawaii stocks hit lows
The majority of Hawaii stocks set new 52-week lows on Thursday as the Dow dropped another 450 points while the hopes of an auto industry bailout faded. (AXB) (BOH) (NUT) (MLP) (CPF) (HE)
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Man guilty in Hawaiian Airlines bankruptcy fraud case
A California man who once offered to buy Hawaiian Airlines out of bankruptcy but didn’t actually have any money has been convicted on fraud charges in federal court.
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Judge says Aon's Chad Karasaki improperly took Marsh clients
A federal judge has ruled that Chad Karasaki, CEO and chairman of Aon Risk Service’s Honolulu office, openly violated his non-solicitation agreement after he resigned from Marsh USA Inc. and took 23 clients with him.
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China Air considers new Hawaii route
China Airlines has committed to retaining its existing flights to Honolulu despite the economic slowdown and said it may consider a new route to Hawaii.
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Fitch affirms Hawaii airport?s ?A? rating
Fitch Ratings has affirmed the “A” rating on $590 million of Hawaii Airport Division revenue bonds.
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Hawaii National Bank reports e-mail scam
A new e-mail scam using the name of Hawaii National Bank’s president and CEO began circulating on Wednesday.
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FutureGen supporters still pushing plant
U.S. Sen. Dick Durbin (D-Ill.) met with FutureGen Alliance Chairman Paul Thompson, President Mike Mudd and other alliance leaders Thursday in an attempt to keep alive the proposed $1.8 billion clean-coal power plant in Mattoon, Ill. (BTU)
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St. John?s patient tower ahead of schedule
Construction of a new $150 million patient tower at St. John’s Mercy Medical Center is ahead of schedule and is now expected to open in April 2010, the hospital said Thursday.
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Regional Business Council pledges $75K to Teach for America
St. Louis Social Venture Partners (SVP), a philanthropic program of the Regional Business Council, has selected Teach for America–St. Louis as its newest investment for 2009.
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Peacock names A-B?s U.S. business leaders
Dave Peacock, the new president of Anheuser-Busch, now a subsidiary of Anheuser-Busch InBev, named his U.S. business unit Thursday.
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Galleria parent retains Sidley Austin LLP in ?advisory role?
The owner of the St. Louis Galleria and 200 malls nationwide has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. (GGP)
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Complaints continue against Standard Monument
Nearly 60 customers have complained to the Missouri attorney general’s office about Standard Monument Co. in St. Louis, with some grievers saying they didn’t receive headstones for more than a year.
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Midwest BankCentre names operations VP
Lawrence Albrecht was promoted to senior vice president of operations at Midwest BankCentre, Jim Watson, bank president, said Thursday.
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YRC will record $7 million to $10 million charge to collateralize assets
YRC Worldwide Inc. will take a $7 million to $10 million charge in the fourth quarter and first quarter for fees to collateralize its remaining unencumbered assets after Standard & Poor’s Ratings Services downgraded its credit rating.
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Wells may add another Wachovia board member
Wells Fargo & Co. says three or four Wachovia Corp. board members will be appointed to the merged banks’ board after Wells buys Wachovia next month. (WFC) (WB)
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Doorways receives $20,000 grant
Doorways Supportive Housing received a $20,000 grant Thursday through the 2008 MetLife Foundation Awards for Excellence in Affordable Housing.
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